Apple has finally listened to the cries of users craving more storage space by announcing a new 128GB model. However, be prepared to pay dearly for it.

IPad storage upgrades have always been priced at $100 for double the storage capacity, and the 128GB model is no different -- the 128GB iPad Wi-Fi costs $799 versus $699 for the 64GB iPad Wi-Fi. If you prefer to have the 128GB model with Wi-Fi + LTE, it will set you back a whopping $929.

The new 128GB fourth generations will be available in black and white starting on February 5.

In other news, Apple yesterday released iOS 6.1 for users of the iPhone, iPod touch, and iPad. And for iPhone 5 users that have been begging for a jailbreak, your prayers will finally be answered on Super Bowl Sunday.